Tennessee Voices: Tennessee manages its debt effectively

11:38 PM,
Sep. 10, 2013

Written by

Justin P. Wilson

When Detroit filed for bankruptcy this summer, it shook up the assumption many people had that government bonds carried little to no risk for investors.

Detroit is the largest American city to file for bankruptcy, but it's far from the only one with problems in recent years.

Since 2010, at least eight local governments have filed for bankruptcy - Jefferson County, Ala. (home county of Birmingham), and Stockton, Calif., among them - along with dozens of utilities, water districts and other government organizations across the country. ...